The Forex market is the largest financial market in the world and operates 24 hours a day, five days a week. It is open for trading from 5 pm EST on Sunday until 5 pm EST on Friday. However, there are certain days when the Forex market is closed. In this article, we will discuss in detail the days when the Forex market is closed.
1. New Year’s Day:
The first day of the year, January 1st, is a public holiday in most countries around the world. Hence, the Forex market is closed on New Year’s Day.
2. Martin Luther King Jr. Day:
Martin Luther King Jr. Day is a federal holiday in the United States that is observed on the third Monday of January. The Forex market is closed on this day.
3. President’s Day:
President’s Day is a federal holiday in the United States that is observed on the third Monday of February. The Forex market is closed on this day.
4. Good Friday:
Good Friday is a Christian holiday that commemorates the crucifixion of Jesus Christ. It is observed on the Friday before Easter Sunday. The Forex market is closed on Good Friday.
5. Easter Monday:
Easter Monday is a public holiday in many countries around the world, including Australia, Canada, and the United Kingdom. The Forex market is closed on Easter Monday.
6. May Day:
May Day, also known as International Workers’ Day, is a public holiday in many countries around the world, including China, France, Germany, and Russia. The Forex market is closed on May Day.
7. Memorial Day:
Memorial Day is a federal holiday in the United States that is observed on the last Monday of May. The Forex market is closed on this day.
8. Independence Day:
Independence Day is a federal holiday in the United States that is observed on July 4th. The Forex market is closed on Independence Day.
9. Labor Day:
Labor Day is a federal holiday in the United States that is observed on the first Monday of September. The Forex market is closed on this day.
10. Thanksgiving Day:
Thanksgiving Day is a federal holiday in the United States that is observed on the fourth Thursday of November. The Forex market is closed on Thanksgiving Day.
11. Christmas Day:
Christmas Day is a public holiday in most countries around the world, including the United States, Canada, and the United Kingdom. The Forex market is closed on Christmas Day.
It is important to note that even though the Forex market is closed on these public holidays, other markets such as the stock market may still be open. Therefore, traders need to be aware of the trading hours of different markets to ensure they do not miss out on any trading opportunities.
In conclusion, the Forex market is closed on public holidays around the world, including New Year’s Day, Martin Luther King Jr. Day, President’s Day, Good Friday, Easter Monday, May Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. Traders should be aware of these trading hours to ensure they do not miss out on any trading opportunities.
